<h1>Govt to implement multiple-nominee rules from 1 Nov 2025 allowing up to four nominees for deposits, lockers</h1> The central government will bring into force, from 1 November 2025, nomination-related provisions of the recent banking amendments allowing depositors to name up to four nominees for deposit accounts, safe custody articles, and safety lockers. Depositors may make simultaneous nominations with specified percentage shares totaling 100% for deposits, or successive nominations where alternate nominees become operative only on the prior nominee's death; successive nominations alone apply to safe custody and locker contents. Detailed procedural rules and forms will be issued to operationalize multiple nominations uniformly across banks. The broader amendment seeks to strengthen governance, depositor protection, audit quality in public banks, and customer convenience.